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Strata Bank

Medway, MA · Cert 90238

FDIC

Q2 2009

$369.7MAssets
$292.4MLoans
$244.9MDeposits
$18.2MEquity
Loan mix
91%RE $233.0M9%C&I $21.9M0%Consumer $0.2MQ2 2008Q2 2009
Deposit mix
85%Interest-bearing $208.1M15%Noninterest $36.8MQ2 2008Q2 2009

NIM

5.93%Q2 ’075.65%Q2 ’085.17%Q2 ’09+2%-1%

Non-interest income vs. expense

2.69%Q2 ’072.97%Q2 ’083.52%Q2 ’09+13%+64%

Executive Summary

  • Earnings: ROA of -1.97%, down 90 bps year over year; NIM at 2.72%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.22%.
  • Funding: loans stand at 119.40% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-1.97%-90 bps YoY

Net Interest Margin (YTD, annualized)

2.72%-2 bps YoY

Efficiency Ratio (YTD, annualized)

171.18%+7,726 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.07%-3.30%-1.99%-0.32%-1.97%-90 bps
Return on Equity-15.29%-51.14%-31.72%-5.72%-36.65%-2,136 bps
Net Interest Margin2.73%2.79%2.84%2.63%2.72%-2 bps
Efficiency Ratio93.92%95.21%97.30%105.73%171.18%+7,726 bps
Non-Interest Burden2.54%2.64%2.75%2.81%4.18%+164 bps
Growth
Asset Growth (YoY)-0.07%-2.65%-6.43%-10.68%-10.73%-1,065 bps
Loan Growth (YoY)-0.72%-0.17%-3.80%-6.83%-11.60%-1,088 bps
Deposit Growth (YoY)-5.14%1.44%-6.29%-5.50%-6.35%-121 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.14%1.48%1.17%0.10%0.22%-192 bps
Allowance / Loans1.00%1.06%1.10%1.17%2.30%+130 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital10.08%8.01%8.01%8.03%6.35%-373 bps
Equity / Assets6.55%4.70%5.59%5.58%4.92%-163 bps
Liquidity & Funding
Loans / Deposits126.48%125.23%132.47%126.76%119.40%-708 bps
Liquid Assets / Assets0.37%0.36%0.36%0.36%0.34%-3 bps
CRE / Total Capitaln/an/an/an/an/an/an/a